Roam, an assumable mortgage platform provider located in New York City, has raised an additional $3 million in capital.
Among the backers was Founders Fund.
The most recent seed round was headed by partner at Founders Fund Keith Rabois, who previously led Roam’s Pre-Seed fundraising round. New investors in the round included Tony Xu, CEO of DoorDash, Dylan Field, CEO of Figma, Paul Gu, co-founder of Upstart, and Gokul Rajaram, board member of Pinterest and Coinbase.
The business plans to use the money to increase both its development and operational activities.
About Roam
Under the direction of its CEO and founder, Raunaq Singh, Roam assists prospective homeowners in going back in time and obtaining a low-rate mortgage for their future property. When compared to purchasing the same house with a typical mortgage, the organization helps buyers save money on monthly payments and helps sellers discover more buyers for their property.
Roam also declared that it has reached new markets, such as Chicago, IL, Jacksonville, FL, and Tucson, AZ. This expands the number of areas where its platform is currently useful to buyers, sellers, and agents to over a dozen.
